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Quebec Immigrant Investor Program is now open to accept 1900 applications till March 15, 2019

By Rajneesh Kumar Posted 11, Sep 2018

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The popular Quebec Immigrant Investor Program (QIIP) of Canadian province Quebec, is now open to accept 1900 applications from the interested applicants. The QIIP will remain operational till March 15, 2019. This is the only provincial program allows the applicants to get permanent residency in Canada via passive investment. Let's find out more details about this currently opened immigration program of Quebec province in Canada.

Quebec Immigrant Investor Program (QIIP)

Out of the total number of applications this time around, QIIP will accept up to 1235 applications from China (it includes applications from Macau and Hong Kong).

Latest changes in QIIP

The eligibility requirements of Quebec Immigrant Investor Program (QIIP) have changed with effect from 2nd August, 2018. Here are the updated requirements:

  • The net asset and investment requirements have been increased to CAD $2 million and CAD $1.2 million, respectively. Earlier the net assets requirement were CAD $1.6 million with an investment of CAD $800,000.
  • The investment need to be for at least 5 year term with a subsidiary of Investissement Quebec and the investment agreement need to be made through a financial intermediary approved to participate in the QIIP.
  • The investment of CAD $1.2 million is guaranteed by the Quebec government and will be returned in full after 5 years.
  • All interested applicants require acquiring a passing score as per Quebec's points system.

Also read- Quebec-immigration-latest-news-2018

Quebec skilled Worker Program (QSWP) - Another key immigration program of Quebec

The Quebec Skilled Worker Program (QSWP) is another key immigration program of Quebec province. Every year tens of thousands of individuals apply in QSWP and selected one in the program get the CSQ (Quebec Selection Certificate. The CSQ makes the applicants eligible to apply permanent residency visa directly to IRCC (Immigration Refugees and Citizenship Canada).

Recently, the Quebec has introduced EOI (Expression of Interest) based application intake system for Quebec Skilled Worker Program (QSWP), which has replaced the existing 'first come, first served' pattern of accepting applications for QSWP.

Under the new EOI system, the applicants require submitting their EOI profile in the new 'Arrima' system. The QSWP will then select and invite the registered applicants based on their total point score on QSWP point assessment grid. The new 'Arrima' Portal expected to end the problems the QSWP applicants, which they used to face in registering profile in the old Mon Projet Quebec system. Since, Quebec is a bilingual province, wherein French speaking population is huge, the applicants are suggested to have good French language skills, to get success in QSWP.

Need assistance to apply Canadian PR through Relevant immigration program?

If you need complete assistance and documentation support to apply Canadian permanent residency this year, through the most appropriate immigration program of Canada, you may get in touch with qualified Canadian immigration experts at Visas Avenue Immigration- the leading and registered Canadian Visa Consultancy Company in India.

You may call visas Avenue immigration expert on Toll Free Number- 78-18-000-777. Alternatively, e-mail your queries to Visas Avenue e-mail id- info@visasavenue.com.


Author

Rajneesh Kumar

Rajneesh Kumar is a well-known writer,blogger and content creator. His passion and expertise in writing content on Immigration, visa, political affairs, News, current affairs, etc. makes him one of the best professional writers around.

He has been creating the Immigration Content, i.e. Blogs, Articles, social media, videos, etc. for more than 5 years now.

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